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24/7 Gaming ceases trading to focus on reverse takeover deal

5th December 2014 8:35 am GMT

UK-listed 24/7 Gaming Group has initiated the liquidation of its Wannagaming mobile casino and Playlogic publishing operations, as part of a restructuring process in preparation for the company’s anticipated reverse takeover with an unnamed binary options provider.

24/7 Gaming said Thursday that it is progressing with the acquisition process, previously announced in September, which is likely to constitute a reverse takeover under Rule 14 of the AIM Rules.

The potential transaction involves the acquisition of a [...]

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